Banking > Manage Bank Transfer


Use this page to transfer funds between bank accounts in uManage. 


NOTE- This page is used to record transfers between Bank accounts. Depending on whether both bank accounts are integrated, and the method chosen for the transfer, actions taken on this page may not initiate the actual transfer at the bank. 


To Add a Bank Transfer


Step 1. Navigate to Banking > Manage Bank Transfer


Step 2. Select Add Transfer from the Page Action drop down menu.



Step 3. Complete the information in the Add/Edit Bank Transfer popup window. 


NOTE- The GL Batch information will populate once the bank transfer has been completed for easier access to the transaction information.


  • Association- Select the correct Association from the dropdown menu. 


  • From Account- Select the Bank Account the transfer is coming FROM in the dropdown menu.


  • To Account- Select the Bank Account the transfer is going TO in the dropdown menu.


  • Pay Via- Select the method used to make the transfer.


  • Check- Selecting this option will initiate a check payable to the receiving account. Enter the name of the receiving account in a Payee Name field below. 

        

NOTE- After completing this step, the check will need to be generated in order to complete the transfer.


  • Auto Debit - Select this option if the transfer has already been made and needs to be recorded in uManage. 


NOTE- This option will NOT initiate a transfer at the Bank. 


  • ACH- This option will generate a NACHA file that can be sent to your bank to initiate the transfer of funds. A NACHA file is a set of instructions that triggers a batch of ACH payments as soon as it is uploaded into a bank portal. 


NOTE- Not all Banks support this transfer method. Contact your Bank to make sure this option is available to you.


  • Transfer- This option can be used if BOTH bank accounts are set up with an Integrated Bank. 


  • Payee Name- Enter the name of the receiving account, if the Check method of transfer is selected above. 


  • Date- Enter the date of the transfer. 


NOTE- This date can be updated to reflect the actual date of the transfer.


  • Amount- Enter the amount of the transfer


  • Posted- Clicking this box will post the transfer.


NOTE- This box will also be grayed out once this transfer has been posted)


  • Void- Clicking this box will void the transfer. 


  • Memo- Add additional description if needed. 


  • GL Batch- This will display the GLBatch information once the transfer has been completed. 


  • Created- This information will automatically be displayed once the transfer has been completed. 



Step 4. Complete the Journal Entry portion of the Add/Edit Bank Transfer popup window.


  • GLAccount- Select a GL account from the drop down menu. 


  • Memo- Enter an optional description to help identify the transaction. 


  • Debit- Enter an amount for the Debit. 


  • Credit- Enter an amount for the Credit.


Step 5. Tab to add additional lines, if necessary. When the entry is balanced, the Open amount at the bottom will be $0.00. 



Step 6. Click the Save and Post button to finalize the transfer.



Recurring Tab


Bank transfers can also be set up on a recurring basis. To do this, select the Recurring Tab and complete the fields below to establish the frequency and the date of the and number of transfers.